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5530 Alaska Drive Concord, CA 94521

3 Beds 2 Baths 1,267 sqft Built 1960

$678,000

List Price

$2,530

$2.3K - $2.8K

Rent Est.

PROPERTY INFO

November 04, 2020 RECENTLY ADDED
FACTS
  • Built In 1960
  • Price/Sqft : $535.12
  • 5 Days on Market
  • MLS # : CC40928046
  • Updated Date : 11/04/2020 at 14:22
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,267 sqft
  • Baths : 2 full
Listing Agent

Exp Realty Of California Inc.

Listing Agent's Description

Single family home located in Clayton Valley Highlands! 3 bedroom 2.5 bath. Walking distance to elementary school, restaurants, banks, supermarkets. Nice and bright open floor plan, drought tolerant landscape and a beautiful tree house.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Clayton Valley Highlands

NeighborhoodNIR Market*CityMarket2010Year20002019300k400k500k600k700k800k900k1000kPrice in $216k1015k

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

Neighborhood: Clayton Valley Highlands

NeighborhoodNIR Market*CityMarket2010Year20012019 Q216001800200022002400260028003000Rent in $15223193

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
Highlands Elementary School Primary Regular 641 24 7
Pine Hollow Middle School Middle Regular 653 28 5
Clayton Valley Charter High School High Regular NA

Highlands Elementary School

  • Education Level: Primary
  • # of students: 641
  • # of teachers: 24
7
GreatSchools Rating

Pine Hollow Middle School

  • Education Level: Middle
  • # of students: 653
  • # of teachers: 28
5
GreatSchools Rating

Clayton Valley Charter High School

  • Education Level: High
  • # of students:
  • # of teachers:
NA
GreatSchools Rating
 

$610,200$745,800$678,000

PURCHASE PRICE

$2,277$2,783$2,530

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,530
EXPENSES Loan Payment -$2,502
Property Tax -$728
Property Insurance -$58
Property Management Fees -$149
CASH FLOW
-$906

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 13% of earned rent to cover both maintenance and periods of vacancy.

$678,000

PROJECTED PRICE

$2,530

PROJECTED RENT

0.37%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 5.00%
Appreciation Year (1-5) 9.0%
Maintenance Year (1-5) 8.00%
Vacancy 4.60%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$500k$1.0M$1.5M$2.0M

PROJECTED ANNUAL CASH FLOW

11530-$15k-$10k-$5.0k$0.0$5.0k$10k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$185,420

INVESTMENT

$185,420

Down Payment
$169,500
Rehab Estimate
$5,750
Closing Costs
$10,170

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 70% down payment or higher enables the proceeds from the asset to cover all costs.

$2,502

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $169,500
Loan Amount $508,500
See What Happens When You Reinvest Cash Flow

0.67

YEARS SAVED

$2,513

INTEREST SAVED

CASH FLOW REINVESTMENT

The time & interest saved by applying each month's positive cash flow towards loan principal pay down.

  • $2,530

    LIST RENT
  • $2

    LIST RENT PER SQFT
  • $2,518

    COMP ESTIMATED VALUE
  • $1.99

    COMP AVG. RENT PER SQFT
Comps Range
$2,200
1$2,2002$2,5303$2,6004$2,8955$3,100
$3,100
RENT COMPS ANALYSIS
  • 5530 Alaska Drive Concord, CA 2
    • 3 beds 2 baths ∙ 1,267 Sqft ∙ Built 1960 3 beds 2 baths ∙ 1,267 Sqft ∙ Built 1960
    • Rent
    • Rent Per SQFT
    •  
    • $2,530
    • $2.00
    •  
  • 1085 Kenwal Road Concord, CA 1
    • 3 beds 2 baths ∙ 1,227 Sqft ∙ Built 1963 3 beds 2 baths ∙ 1,227 Sqft ∙ Built 1963
    LEASED 07/31/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $1.79
    •  
  • 1490 Duncan Dr Concord, CA 3
    • 3 beds 2 baths ∙ 1,338 Sqft ∙ Built 1961 3 beds 2 baths ∙ 1,338 Sqft ∙ Built 1961
    LEASED 06/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,600
    • $1.94
    •  
  • 5537 Guadalupe Ct. Concord, CA 4
    • 3 beds 2 baths ∙ 1,420 Sqft ∙ Built 1975 3 beds 2 baths ∙ 1,420 Sqft ∙ Built 1975
    LEASED 10/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,895
    • $2.04
    •  
  • 1826 Camino Estrada Concord, CA 5
    • 3 beds 2 baths ∙ 1,420 Sqft ∙ Built 1975 3 beds 2 baths ∙ 1,420 Sqft ∙ Built 1975
    LEASED 07/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,100
    • $2.18
    •  
PROPERTY LISTING DETAILS
Ava Chavez
Exp Realty Of California Inc.
BESbswy